December 2, 2021

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/06/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/06/2019

Can altcoin prices update highs today?

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/06/2019

Yesterday, trading volumes were low, and sellers could not increase sales. The level of 38.2% Fibo (289.51 USD) reliably kept the pair from falling. In the afternoon, the positive buyers restored the price of BCH to a local maximum around 298.00 USD.

This morning, after a nightly pullback, the pair continued to grow and set a monthly maximum at 309.15 USD. Until the end of the day, there is a chance of a re-test of resistance in the area of ​​320.00 USD.

However, on the daily chart, the market is quite overheated, and soon a price drop is possible.

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/06/2019

Yesterday's rollback was not very deep andsettled on the approach to the level of average prices. In the afternoon, buyers seized the initiative, and several positive impulses by the end of the day allowed to update the monthly maximum at 64.25 USD.

While the dynamics of the price of LTC looks enoughconfidently, today the pair could test the upper dashed line near the mark of 65.00 USD, but on the daily chart the indicator lines are off scale in the overbought zone. The intense decline, which we expected at the beginning of the week, may begin shortly after re-testing the blue dotted border of growth.

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/06/2019

Yesterday morning, the decline in the price of EOS stopped nearpurple line support. A pair of powerful bullish impulses forced the pair to test the resistance of 3.65 USD. It was not possible to stay above this level at night, and the price rolled back a little.

Perhaps today buyers will still compete for this line to gain a foothold over it. We believe that the level of 3.75 USD may turn out to be reversal.

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 11/06/2019

Yesterday, after a rollback from the maximum zone,buyers managed to seize the initiative and restore the price of XLM. However, another attempt to update the maximum was unsuccessful and the price consolidated in a narrow lateral range in the area of ​​0.080 USD.

Today it is not yet possible to trace the next initiatives from buyers - the price continues to consolidate, and a decline to the area of ​​average prices may soon begin.

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